Real Estate Owned and Foreclosure Appraisal in Cumberland CountyThere are specific appraisal difficulties involved in a house in foreclosure or one that has gone back to the financial institution's holding. It's important to recognize the difference between fair market value and "quick disposition" price to know what losses you stand to realize when dealing with a house in foreclosure. Collard Appraisal Group, Inc. has the experience in both producing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency. You need a company who has the qualifications to handle the particular dynamics of a foreclosure appraisal. Contact Collard Appraisal Group, Inc. for a company you can rely on. Specific challenges can be present when working with owners of properties in foreclosure. They may be uncooperative to allowing an inspection of the property. Often the properties show signs of vandalism, unfortunately by the residents themselves. Or, it's likely you'll find a house at a minimum abandoned or the home languishing in disrepair for extended periods of time. You'll be interested in a quick disposition if the home has already returned to bank owned. So you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work performed, with the work needed to make the property marketable at full market value commensurate with similar real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the specific situation of an REO home, in addition to the unique information you'll need -- competing listings, neighborhood trends, and the like. You can count on Collard Appraisal Group, Inc. to handle the appraisal of your REO professionally and efficiently. Contact us today. |